Navigation Links
LodgeNet Interactive Announces Completion of Offering of $57.5 Million of Convertible Preferred Stock
Date:6/29/2009

ill be convertible, at the holder's option, into common stock of LodgeNet at an initial conversion rate of 264.5503 shares of LodgeNet's common stock per share of preferred stock, which is equivalent to an initial conversion price of $3.78 per share, or a conversion premium of approximately 10% based on the consolidated closing bid price of $3.43 per share of LodgeNet's common stock on June 23, 2009.

The Company may elect, on or prior to July 15, 2014, to mandatorily convert some or all of the preferred stock into shares of LodgeNet's common stock if the closing price of the Company's common stock has exceeded 150% of the conversion price for at least 20 of the 30 consecutive trading days ending the day before the Company sends the notice of mandatory conversion, subject to certain conditions. If the Company elects to mandatorily convert any preferred stock on or prior to July 15, 2014, it will make an additional payment on the preferred stock, payable at the Company's election in cash or common stock, equal to the aggregate amount of dividends that would have accrued through and including July 15, 2014, less any dividends already paid on the preferred stock. The Company may also elect, on or after July 16, 2014, to mandatorily convert some or all of the preferred stock into shares of LodgeNet's common stock if the closing price of the Company's common stock has exceeded 125% of the conversion price for at least 20 of the 30 consecutive trading days ending the day before the Company sends the notice of mandatory conversion.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities (including the shares of common stock into which the securities are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The preferred stock and the underlying common stock issuable upon conversion have not been re
'/>"/>

SOURCE LodgeNet Interactive Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. LodgeNet to Present at CL King Best Ideas Conference
2. LodgeNet Deploys Customized Kid Friendly Solution With Childrens Hospital of Pittsburgh of UPMC
3. LodgeNet Presents at UBS 35th Annual Media Week Conference
4. LodgeNet Interactive Corporation 2007 Earnings Release and Teleconference Announcement
5. Interactive Patient Television Drives Patient Satisfaction, LodgeNet Healthcare Study Shows
6. LodgeNet Interactive to Present at The B. Riley Investor Conference
7. LodgeNet Appoints John E. Haire, Former Time Warner Executive, to Board of Directors
8. LodgeNet Healthcare Expands Into Hawaii Through Agreement With St. Francis Hospice
9. LodgeNet Healthcare Signs New Agreement with NorthShore University HealthSystem
10. LodgeNet Interactive to Report Third Quarter Results on October 28th
11. LodgeNet and Control4 Join Forces to Deliver Ultimate Personalized Guest Experience With One Touch Control
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/30/2014)... SOLON, OH (PRWEB) September 30, 2014 ... wiper blades sporting the iconic pink ribbon in support ... October, a popular month for businesses and non-profits to ... this worthwhile cause. , AutoTex PINK is a woman-owned ... windshield wipers. They are committed to partnering with ...
(Date:9/30/2014)... 30, 2014 Loffler Companies, an ... technology and services was recognized by BEI as ... (FCE) in 2013. This prestigious rating means that ... time and for an extended period following, optimizing ... 20 years BEI Services has been the trusted ...
(Date:9/30/2014)... (PRWEB) September 30, 2014 Julie ... Hudson Allergy , will discuss how restaurants can ... and other special dietary restrictions at the 2014 ... Food Service Professionals, October 21 in New York City. ... incredibly important topic to such an engaged industry audience. ...
(Date:9/30/2014)... Up to 45% of the population snores ... have sleep apnea. Of these, only 10% have been ... tolerate their prescribed medical device known as CPAP (continuous ... which supports the airway during sleep. , In today’s ... and increasingly difficult to get. Snoring and sleep apnea ...
(Date:9/30/2014)... vitamin D3 compared with placebo did not reduce hospital ... stay, hospital mortality, or the risk of death at ... were critically ill, according to a study published in ... online to coincide with its presentation at the European ... A high prevalence of low vitamin D levels has ...
Breaking Medicine News(10 mins):Health News:Change Your Blades … Change A Life! AutoTex PINK Wiper Blades Are Helping Wipe Out Breast Cancer 2Health News:Change Your Blades … Change A Life! AutoTex PINK Wiper Blades Are Helping Wipe Out Breast Cancer 3Health News:Loffler Companies Rated Number One Among U.S. Dealers in Service “First Call Effectiveness” 2Health News:Loffler Companies Rated Number One Among U.S. Dealers in Service “First Call Effectiveness” 3Health News:Hudson Allergy’s Dr. Julie Kuriakose to Speak at Prestigious Food Allergy Conference in New York City 2Health News:Hudson Allergy’s Dr. Julie Kuriakose to Speak at Prestigious Food Allergy Conference in New York City 3Health News:Snoring: Robs People and Their Bed Partners of the Rest They Need to Face Daily Challenges 2Health News:Snoring: Robs People and Their Bed Partners of the Rest They Need to Face Daily Challenges 3Health News:High-dose vitamin D for ICU patients who are vitamin D deficient does not improve outcomes 2
... and an affordable follow-up test to identify children with ... first chemotherapy regimen, // has been developed by researchers ... have a good response may then be treated by ... ,This new test is based on testing ...
... center in Houston stated yesterday that ultrasound is fast becoming ... pregnant woman. // ,Dr. Wei Yang of ... to educate young women that the symptomatic breast cancer that ... pregnant, and so they should not wait to seek medical ...
... on a study to gauge if exercise can prevent ... after chemotherapy.// The study is being funded by a ... Armstrong. ,Charles Matthews, Ph.D., and Laurel Brown, ... lead a team of researchers at Vanderbilt-Ingram as they ...
... from the University of Alabama, Birmingham, told a jury at ... no significant difference in the rate of heart attacks //among ... drug Vioxx is produced and marketed by Merck & Co.'s. ... that the studies, covering a total of about 28,000 patients, ...
... that snake venom can be used for easing the debilitating ... development manager at the Shulov Institute of Sciences (SIS) in ... an analgesic based on snake venom could be on sale ... Palestinian viper - the most common snake in Israel - ...
... of an ambitious public-private initiative for the establishment of ... health professionals. // This announcement seeks to address the ... sections of the society. ,The new venture ... aims to impart multi-disciplinary knowledge through a network of ...
Cached Medicine News:Health News:Inexpensive ALL Follow-Up Test Developed By St. Jude Researchers 2Health News:Inexpensive ALL Follow-Up Test Developed By St. Jude Researchers 3Health News:Could Long Tern Vioxx Users Suffer From Heart Attacks? 2
(Date:9/29/2014)... 29, 2014  On Oct. 2, some 24,000 Lilly ... company,s seventh Global Day of Service. Building on Lilly,s ... together in a single, coordinated effort to improve the ... "I,m so proud of this tradition, and of ... to strengthening the communities around the world where we ...
(Date:9/29/2014)... SANTA ANA, Calif. , Sept. 29, 2014 /PRNewswire/ ... premier supplier of certified child-resistant packaging, accessories and consulting ... that company co-founder Nick Kovacevich has assumed ... Kovacevich, who co-founded the company in 2010 and worked ... company after a brief hiatus focusing on other ventures. ...
(Date:9/29/2014)... N.J. , Sept. 29, 2014  ADM ... that it has entered into an affiliation with ... in Cambridge, Massachusetts founded ... appointed member of ADMT,s Advisory Board. ... medical technology companies with specialized services and finances ...
Breaking Medicine Technology:Lilly's seventh Global Day of Service rallies 24,000 employees in nearly 60 countries 2Lilly's seventh Global Day of Service rallies 24,000 employees in nearly 60 countries 3Kush Bottles Co-Founder Steps into Role of CEO 2ADM Tronics Joins Triotech Ventures Technology Consortium 2ADM Tronics Joins Triotech Ventures Technology Consortium 3
... brightly illuminated hand-held potential vision tester measures ... and glaucoma. Potential vision testing requires ... Meter or RAM (formerly known as the ... Clip (clip with a pinhole disc and ...
... are the latest innovation ... portable battery-powered EEG headboxes. ... new mechanical design, and ... standard MOBEE24plus and MOBEE32 ...
The ACCU-Beam® line of Surgical Microscope Accessories includes digital camera adaptors, beam splitters, objective lenses, fiber optic cables, and fiberoptic retrofits....
The ACCU-Beam® line of Surgical Microscope Accessories includes digital camera adaptors, beam splitters, objective lenses, fiber optic cables, and fiberoptic retrofits....
Medicine Products: